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Alibaba Group Holding has lost $344 billion in world's biggest wipeout

Despite a 30 per cent recovery from Oct. 5, the stock is still 43 per cent lower than its October 2020 peak.

Topics
Alibaba | Jack Ma | Chinese tech firms

Jeanny Yu | Bloomberg 



The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China
The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China

Few people could have predicted the downward spiral for Group Holding, when founder delivered a blunt criticism of China’s financial system last October.

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First Published: Tue, October 26 2021. 01:57 IST

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